Post: #1

Anyone actually having success Day Trading penny stocks?

BravoZulu

Post: #2

Post: #3

Absolutely, I'll be happy to enter an order in for you immediately so we can lock in that trade:




Don't begin with Penny Stocks. There's a reason your broker isn't allowed to trade them for unless you're either an established customer (you've had an account with them for over a year) or you sign a risk acknowledgement.


Before you invest in ANY stocks:

- Do you know what a 10-k is and how to read them?

-Where do you go to look up company peformance and historical business information (and no, it's NOT the price chart from your favorite broker)

-Are you familar with basic chart/trend analysis?

-Can you explain EPS, EBIT, dividends, etc?


If you can't answer just those basic questions (there's more I can add) then don't invest in any equities, let alone penny stocks.

That said the advantage of penny stocks is that you can place small orders with them easily and not risk that much, although the risk of loss is fairly high.

Post: #4

Penny stocks trading is a waste of time. You will never be able to control the risk profile unless

1. you are either one of the big guys and doing high-frequency trading, scalping, have insider knowledge etc.
2. you are one of the hundreds of con-artists who are pushing some penny stocks to their clients, via forums. Since low volumes make those stocks rise, then those scammers are getting in on the action before pushing it as the next best thing since Wonderbread. Then the penny stock rises and the con-artist is gone before all the morons find themselves on the end of the volume wave. As they sell, it all plummets. Some of those penny stock pushers are small to medium companies while in other instances there were 16 year old intelligent students who did something like that promoting a penny stock online on forums - being able to generate enough momentum to con the public.

So no - there is no way to make money otherwise trading such a stock - the risk profile cannot be calculated and thus no decent trading is possible on it. That's why many pros trade instruments which are not so easily swayed by one company's event or something like a major buyback. For example - the higher risk premiums with stock trading make it necessary to have much higher capital requirements - 10-20x higher - than if you started to trade FX or indices. The inability to account for all-destructive Black Swan events makes it necessary to spread your investments far and wide to get decent money management. With penny stocks not even that can be accounted for.

Post: #5

Had fun on one stock, bought in for 4k, got to 22k.

Felt good, but then I tried flipping other stocks. Lost out hard.

For every 10 or 100 bagger there's fifty losing trades.

Low and slow with these things. If you want a gamble do FX trading.

Post: #6

Penny stocks aren't necessarily a horrible thing. There's a big difference between (example) Danktech Marijuana Growers and, say, a small cap oil producer like Lonestar Resources. Danktech probably has two 'CEOs', zero assets and a paid pump promotion newsletter going out. Lonestar produces 4,000 barrels of oil per day with tens of thousands of acres in the Eagle Ford Shale and the Bakken, and did $29 million in revenues in 1Q 2015. Danktech probably doesn't have and will never have a saleable product other than shares of its own company, while Lonestar has $550 million worth of assets against $276 million in debt on a $103 million market cap. (Audited)

Lonestar has always been a penny stock, but it is very materially different from a company like DANK. If you avoided penny stocks, you'd avoid Lonestar too. (That may have been bad or good, depending on your entry point.) However, shareholders recently approved a 50-1 share consolidation for Lonestar, so now the former penny stock will no longer be a penny stock. Did anything change in the company itself? No, just the price of the stock itself changed. If you formerly avoided penny stocks, you could now invest in Lonestar. But literally, nothing changed between then and now.

Many shitty companies start and end as penny stocks, but the actual price of the issue doesn't mean much in and of itself. Lonestar might or might not be a good investment, but it's worlds apart from a company like DANK.

TL;DR: Penny stocks aren't necessarily bad, but there's a big difference between legitimate companies and fly-by-night operations.

Post: #7

^^^Exactly, I dont buy penny stocks UNLESS I have a good reason to. Proceed with extra caution...

Post: #8

Unless you have insider knowledge you are either going to be a loser or maybe one of the 0.01% who hit it really lucky. Basically everyone who's making money off these is either pushing the markets, a scammer, or has some type of inside information.

Years ago I was watching CBIS, one of the first if not hte first marijuana stocks. I had a buy order in at 0.07 cents. I was almost going to push it to 0.06 but decided not to. Long story short over the course of a couple days the stock was at like 1.66 or so. I missed my buy by less than a penny. Sure enough it came crashing back down and it still at about 0.04 cents.

It honestly wouldn't be that hard to make a bunch of bots and flood yahoo finance message board and all the penny stock message boards with pumping drive stock price high and getout, although that would be illegal.

Post: #9

@aphleion- Why did Lonestar issue so many shares and dilute shareholders? I hate seeing things like that.

Post: #10

There is an Aussie stock that's going to list on NYSE later this year.... Alexium AJX.AX on ASX stock exchange.... They make fire retardant treatments for textiles and are in final stages for a us DOD military contract.

Video Interview with Alexium CEO Nick Clark on Al…: https://youtu.be/2SFc42dwayk

Based on patents from us department of defence originally. Huge potential and already signing up customers etc. They have a contract with a USA tent making company already and a bed company .... Navy army uniforms contract would make them a billion dollar company in my opinion. Their bromide based competition is also being outlawed in some usa states due to cancer.

I'll let this do the talking:
https://youtu.be/Y8MRXGQNuHg

Do your own research and don't rely on what I have said.

Post: #11

BTW alexium AJX.AX hit a high of $1 today.... I'm 45% up and this is without the NYSE listing which is in the works for later this year. Don't say old fanatical didn't tell you about the AUSSIE company that is likely to end up doing all the fire retardant treatments for the USA military and many other companies ... If it ever hits $10 I'll have more than a million and enough to roosh it up permanently.

do your own research, don't rely on me.

Post: #12

(05-09-2015 04:58 PM)Easy_C Wrote:  Before you invest in ANY stocks:

- Do you know what a 10-k is and how to read them?

-Where do you go to look up company peformance and historical business information (and no, it's NOT the price chart from your favorite broker)

-Are you familar with basic chart/trend analysis?

-Can you explain EPS, EBIT, dividends, etc?


If you can't answer just those basic questions (there's more I can add) then don't invest in any equities, let alone penny stocks.

That said the advantage of penny stocks is that you can place small orders with them easily and not risk that much, although the risk of loss is fairly high.

Though I agree with you that these are important fundamentals to understand, they are largely irrelevant when dealing with penny stocks. The financial statements are mostly unaudited, so you can't really trust them.

IMO, the only (legal) way to make money is ride the waves of the pump and dumps and never hold positions very long, but you have to have an extreme risk tolerance. It is a lot of work, with out a doubt.

Post: #13

(05-17-2015 03:51 AM)FANATICAL Wrote:  There is an Aussie stock that's going to list on NYSE later this year.... Alexium AJX.AX on ASX stock exchange.... They make fire retardant treatments for textiles and are in final stages for a us DOD military contract.

Video Interview with Alexium CEO Nick Clark on Al…: https://youtu.be/2SFc42dwayk

Based on patents from us department of defence originally. Huge potential and already signing up customers etc. They have a contract with a USA tent making company already and a bed company .... Navy army uniforms contract would make them a billion dollar company in my opinion. Their bromide based competition is also being outlawed in some usa states due to cancer.

I'll let this do the talking:
https://youtu.be/Y8MRXGQNuHg

Do your own research and don't rely on what I have said.

HAHA perfect example of a pumper.

Post: #14

I would stick to blue chips if you're somewhat new to investing like I am. I've just been buying up solid names that have been doing well and obviously aren't going away anytime soon and have made about 10% since I opened my account. Better than a 1% savings account.

Post: #15

I wasn't trying to pump, i thought it would be interesting to Americans because it's based in the USA and looking to list there. How else can i help my rooshv yank brothers get rich enough to mac all day??

I was hoping you'd do lots of research and make your own financial decisions and profit from them

Read Australian financial review major newspaper article:
http://www.afr.com/brand/market-wrap/bri...414-1mkmew

https://au.news.yahoo.com/thewest/wa/a/2...lexium-up/

DYOR don't rely on me.

Post: #16

(05-10-2015 08:05 AM)Zelcorpion Wrote:  Penny stocks trading is a waste of time. You will never be able to control the risk profile unless

1. you are either one of the big guys and doing high-frequency trading, scalping, have insider knowledge etc.
2. you are one of the hundreds of con-artists who are pushing some penny stocks to their clients, via forums. Since low volumes make those stocks rise, then those scammers are getting in on the action before pushing it as the next best thing since Wonderbread. Then the penny stock rises and the con-artist is gone before all the morons find themselves on the end of the volume wave. As they sell, it all plummets. Some of those penny stock pushers are small to medium companies while in other instances there were 16 year old intelligent students who did something like that promoting a penny stock online on forums - being able to generate enough momentum to con the public.

So no - there is no way to make money otherwise trading such a stock - the risk profile cannot be calculated and thus no decent trading is possible on it. That's why many pros trade instruments which are not so easily swayed by one company's event or something like a major buyback. For example - the higher risk premiums with stock trading make it necessary to have much higher capital requirements - 10-20x higher - than if you started to trade FX or indices. The inability to account for all-destructive Black Swan events makes it necessary to spread your investments far and wide to get decent money management. With penny stocks not even that can be accounted for.

This is simply not true. You can also make money by conning people into buying guides and self help manuals for the field. They are so smart, if they're losing, they must just be missing that one special trick. Not the one "doctors hate" but something similar.

Post: #17

(05-10-2015 09:37 AM)aphelion Wrote:  Penny stocks aren't necessarily a horrible thing. There's a big difference between (example) Danktech Marijuana Growers and, say, a small cap oil producer like Lonestar Resources. Danktech probably has two 'CEOs', zero assets and a paid pump promotion newsletter going out. Lonestar produces 4,000 barrels of oil per day with tens of thousands of acres in the Eagle Ford Shale and the Bakken, and did $29 million in revenues in 1Q 2015. Danktech probably doesn't have and will never have a saleable product other than shares of its own company, while Lonestar has $550 million worth of assets against $276 million in debt on a $103 million market cap. (Audited)

Lonestar has always been a penny stock, but it is very materially different from a company like DANK. If you avoided penny stocks, you'd avoid Lonestar too. (That may have been bad or good, depending on your entry point.) However, shareholders recently approved a 50-1 share consolidation for Lonestar, so now the former penny stock will no longer be a penny stock. Did anything change in the company itself? No, just the price of the stock itself changed. If you formerly avoided penny stocks, you could now invest in Lonestar. But literally, nothing changed between then and now.

Many shitty companies start and end as penny stocks, but the actual price of the issue doesn't mean much in and of itself. Lonestar might or might not be a good investment, but it's worlds apart from a company like DANK.

TL;DR: Penny stocks aren't necessarily bad, but there's a big difference between legitimate companies and fly-by-night operations.

It doesn't have to be a bad company for the system itself to be a bad gamble.

Post: #18

Before we get into a discussion about penny stocks to buy, let’s get this out of the way. In spite of this, penny stocks remain popular with a subset of investors because of their tremendous potential upside. Most penny stocks — equities that go for less than a buck a share — trade on the over-the-counter market, where listing requirements and regulatory oversight is much more lax. Traders like the dramatic price swings, and investors like that it’s a lot easier for a stock to go from 50 cents to $5 than it is to go from $50 to $500.

While the higher priced Facebook, Amazon, Netflix, and Google (FANG) stocks have been sending the tech sector higher, there are a large number of great technology penny stocks that have been outperforming the markets. In this technology sector penny stocks to watch, we must look for stocks which may be profitable for several years too. Since this business involves investing in a company's potential.
http://www.profitconfidential.com/tag/pe...-to-watch/

Post: #19

(04-05-2017 09:11 AM)chrishaiden66 Wrote:  Before we get into a discussion about penny stocks to buy, let’s get this out of the way. In spite of this, penny stocks remain popular with a subset of investors because of their tremendous potential upside. Most penny stocks — equities that go for less than a buck a share — trade on the over-the-counter market, where listing requirements and regulatory oversight is much more lax. Traders like the dramatic price swings, and investors like that it’s a lot easier for a stock to go from 50 cents to $5 than it is to go from $50 to $500.

While the higher priced Facebook, Amazon, Netflix, and Google (FANG) stocks have been sending the tech sector higher, there are a large number of great technology penny stocks that have been outperforming the markets. In this technology sector penny stocks to watch, we must look for stocks which may be profitable for several years too. Since this business involves investing in a company's potential.
http://www.profitconfidential.com/tag/pe...-to-watch/

What's your affiliation with "profit confidential"? Sounds like a P&D rag to me.

Post: #20

That article seems way old to me, AMD isn't cheap anymore.

Post: #21

Be a man and trade options.

Post: #22

(04-05-2017 03:22 PM)TheFinalEpic Wrote:  Be a man and trade options.

This can go one of 2 ways.

1. Dog I'm a fucking baller now I just bought a million dollar house and a new bmw. Who wants to go to vegas and get bottle service with me? Options bro.

2. Can anyone give me a new job? I got caught day trading at work, got fired, had a margin call. They took my house and left me with a 93 pinto in the backyard to sleep in. My wife also left me and took the kids and dog.